Yearly Archives: 2010

WALTHAM, MA - February 16, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) today announced that members reported solid improvement in market conditions over January 2009 according to results of its new Massachusetts REALTOR® Market Index (RMI). The monthly Massachusetts RMI quantifies the opinions of members who are working with buyers and sellers each day in the Massachusetts real estate market.

BOSTON, MA - February 16, 2010 - (RealEstateRama) -- February 16, 2010 – As part of an ongoing effort to make it easier for the rental housing industry to interact with the Agency, MassHousing launched masshousingrental.com, a new website that consolidates information, documents, and applications for the Agency’s rental housing business partners to one location. Masshousingrental.com is part of a larger effort to make it easier and more efficient for property owners and managers, rental housing developers, general contractors, auditors and other rental housing partners to do business with MassHousing. Previously, MassHousing’s business partners had to visit one of four Agency websites to conduct different types of business.

BOSTON, MA - February 12, 2010 - (RealEstateRama) -- Thursday, February 11, 2010 – As part of the Patrick-Murray Administration's Massachusetts Recovery Plan, Governor Deval Patrick today announced that the state will utilize $7.06 million in federal weatherization recovery funds to replace old, inefficient heating systems with new state-of-the-art units for 19 local public housing authorities across the Commonwealth.Those upgrades will mean lower energy costs for tenants of family developments in Bedford, Belmont, Brockton, Clinton, Dedham, Easthampton, Fitchburg, Gardner, Greenfield, Marblehead, Mattapoisett, Medford, Methuen, North Andover, North Attleborough, Stoneham, Stoughton, Uxbridge and Westfield. The improvements will also lead to an improved living environment through the delivery of smart, clean, energy-efficient warmth to their homes (award details below)

Washington, D.C. - February 4, 2010 - (RealEstateRama) -- The Securities and Exchange Commission today charged Boston-based State Street Bank and Trust Company with misleading its investors about their exposure to subprime investments while selectively disclosing more complete information to specific investors.

WASHINGTON, D.C. - January 25, 2010 - (RealEstateRama) -- Representative Edward J. Markey (D-Mass.) today hailed the release of over $490 million in emergency home heating assistance from the federal government under the Low-Income Home Energy Assistance Program (LIHEAP), including more than $16.8 million for Massachusetts. Last week, Markey, the dean of the Massachusetts congressional delegation and a leading advocate of the LIHEAP program, helped organize a letter signed by 113 House members, calling upon President Obama to immediately release these critical funds

Georgetown-based lender will commit $1.5 million for loan program for veterans. BOSTON, MA - January 19, 2010 - (RealEstateRama) -- MassHousing announced today that Georgetown Savings Bank is now an approved lender of MassHousing’s A Home for the Brave loan program for Massachusetts veterans.

January 15, 2010 - (RealEstateRama) -- Mayor Thomas M. Menino today announced that the City’s Department of Neighborhood Development (DND) has been awarded $13.6 million in the second round of Neighborhood Stabilization Program (NSP) funding to assist the City’s ongoing foreclosure prevention and reclamation efforts. Specifically, the competitively awarded funding will allow the City to support responsible redevelopment of up to 275 foreclosed homes in those neighborhoods most burdened by Boston’s bank-owned properties, namely Dorchester, East Boston, Roxbury, Hyde Park, and Mattapan.

January 12, 2010 - (RealEstateRama) -- The City of Springfield in conjunction with Daniel J. Flynn & Co. of Quincy will auction off 36 (thirty-six) properties in tax-title possession on Tuesday, January 19, 2009. Registration begins at 5:00 PM and the auction begins at 6:00 PM. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA.

All 194 apartments at housing community near Interstate 93 will stay affordable. BOSTON, MA - January 11, 2010 - (RealEstateRama) --January 11, 2010 – MassHousing announced a loan commitment today of up to $14.4 million to preserve affordability at Mountain View Terrace in Stoneham, a 194-apartment housing community for senior citizens and families

January 11, 2010 - (RealEstateRama) -- As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick and Lieutenant Governor Timothy Murray were in New Bedford today to announce that the state will invest $153.9 million in resources leveraged from various affordable housing programs, American Recovery and Reinvestment Act funds, and private investment to support 26 projects in 17 communities across the state. When completed, those projects will create or preserve 1,305 rental homes, 1,147 of which will be affordable to low-and moderate-income working families and individuals, including 144 units set aside for families transitioning to permanent housing from homelessness

WALTHAM, MA - January 5, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in December was up 5 percent over the same time last year, while condominiums were up 26 percent. December marks the sixth straight month that the number of homes put under agreement had increased over the year before